I'd assume short term is 3 years or less, so make it a 2y duration on average, and assume rates went up by 2%, then we are talking about a 4% loss, not 10%. St

I'd assume short term is 3 years or less, so make it a 2y duration on average, and assume rates went up by 2%, then we are talking about a 4% loss, not 10%. Still, previously I didn't want to hold USDT anymore; now I don't want to hold USDC anymore either.